Martin County Single Family Homes March 2019 Market Report

05.07.19 by

Martin County Single Family Homes March 2019 Market Report

The Martin County Single Family Homes March 2019 Market Report continued with weaker sales activity when compared to last year.  Closed sales were down by 13.4% (were down by 0.6% in February).  While new pending sales decreased by 2.3% as compared to March 2018 (Decreased by 6.0% in February).

Prices were mixed for March.  The median sales price was up by 0.9% from last year (down by 7.9% in February) while the average sales price decreased by 0.4% (was up by 2.0% last month).

The inventory of available single-family homes decreased from last month by 72 homes to 1106 units for March,  this is 6.1% greater than last March.  The current supply of homes is 5.7 months, for March of last year, it was 5.1 months supply.  We’re still in a seller’s market for Martin County single-family home sales, but only barely.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes March 2019 Market Report

Click here to view or download the full report:
Martin County Single Family Homes March 2019 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Single Family Homes March 2019 Market Report

Hobe Sound FL 33455 Condo Market Report March 2019

04.30.19 by

Hobe Sound FL 33455 Condo Market Report March 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2019

For March 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently only 4 active condo listings. (Up by 2 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2019

1 Condo is pending and awaiting close. (Down by 1 condo from February)

Hobe Sound FL 33455 Condo Market Report March 2019

3 Condos sold in March. (Up by 2 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.  Yet, even with such little inventory, these condos are selling well.

The absorption rate for Hobe Sound condos was 0.33 months for March as compared to 2 months in February).  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The March 2018 numbers were: 9 active listings, 9 pending sales, and 2 closed sales.  Considerably better activity last year, along with a greater number of condos available for sale.

Hobe Sound FL 33455 Condo Market Report March 2019

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Hobe Sound FL 33455 Condo Market Report March 2019

Jensen Beach FL 34957 Condo Market Report March 2019

04.24.19 by

Jensen Beach FL 34957 Condo Market Report March 2019

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2019

For March 2019 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 104 active listings. (Decreased by 18 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2019

54 Condo sales are pending and awaiting settlement. (Up by 18 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2019

22 Condos Sold (Up by 9 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2019

 The Jensen Beach FL 34957 Condo Market Report rebounded strongly from a couple of weak winter months.  Both closed and ending sales saw significant improvements from the past few months.

The one-month absorption rate for the March 2019, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 4.7 months (from 9.4 months in February), back into a seller’s market after a few months absence.  A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The March 2018 numbers were: 109 active listings, 58 pending sales, and 27 condos closed.  A better volume of closed and pending sales last year for Jensen Beach condos.

Jensen Beach FL 34957 Condo Market Report March 2019

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Jensen Beach FL 34957 Condo Market Report March 2019

Palm City FL 34990 Condo Market Report March 2019

04.18.19 by

Palm City FL 34990 Condo Market Report March 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2019

For March 2019 in the 34990 Zip Code area of Palm City, Florida :

There are currently 85 active condo listings. (Decreased by 5 condos from February)

Palm City FL 34990 Condo Market Report March 2019 

15 Condo sales are pending and awaiting close or lender approval. (Down by 4 condos from last month)

Palm City FL 34990 Condo Market Report March 2019

11 Condos Sold in March. (Up by 7 condos from February)

Palm City FL 34990 Condo Market Report March 2019

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.  March showed a nice rise in activity for these communities.

The current absorption rate for condos in the 34990 zip is 7.7 months (was 22.5 months in February).  Still a buyer’s market for Palm City condominiums but much better than the last few months.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The March 2018 numbers were: 96 active listings, 12 pending sales, and 9 closed sales.  Better sales and pending activity this year on lower inventory.
Palm City FL 34990 Condo Market Report March 2019
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Palm City FL 34990 Condo Market Report March 2019

Stuart Florida 34994 Residential Market Report March 2019

04.15.19 by

Stuart Florida 34994 Residential Market Report March 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for March 2019

For February 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 90 active listings (Down by 3 homes from February)

Stuart Florida 34994 Residential Market Report March 2019

38 Residential sales are pending and awaiting close or lender approval (Increased by 3 homes from last month).

Stuart Florida 34994 Residential Market Report March 2019

19 Homes Sold in May (Increased by 5 homes from February)

Stuart Florida 34994 Residential Market Report March 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed stronger activity when compared to last month along with a small drop in inventory.

The one-month absorption rate for the 34994 zip code for February dropped to 4.7 months from 6.6 months for February.  Transitioning back into a seller’s market t for the 34994 zip code area of Stuart, FL after one month as a balanced market and another in a buyer’s market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The March 2018 numbers were 75 Active Listings, 34 pending sales, and 27 closed sales.  Stronger sales activity last year on less inventory.

Stuart Florida 34994 Residential Market Report March 2019

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Stuart Florida 34994 Residential Real Estate Market Report March 2019

Fairwinds Cove Condos in Jensen Beach April 2019 Market Update

04.12.19 by

Fairwinds Cove Condos in Jensen Beach April 2019 Market Update

There are currently 5 condos for sale in Fairwinds Cove on Hutchinson Island in Jensen Beach Florida. These condos were listed from $239,900 up to $299,900.  This is an average list price of $272,720 or $247.48 per square foot of living area.

There is 1 condo currently under contract.  The list price was $284,000 which is $257.71 per square foot of living area.  This condo was on the market for 174 days prior to going under contract.

In the past 12 months, 3 Fairwinds Cove condo has sold.  Sales prices ranged from $224,000 up to $275,000.  This works out to an average sales price of $256,333 which equals $219.02 per square foot of living area.  These condos sold for an average of  93% of list price and were on the market for an average of 123 days before going under contract.

About Fairwinds Cove in Jensen Beach FL:

Fairwinds Cove in Jensen Beach

Fairwinds Cove Condos in Jensen Beach

Entrance to Fairwinds Cove

Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove.  A waterfront condo complex of 10 four-story buildings with only 4 suites per floor.  Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).
Fairwinds Cove Condos in Jensen Beach

The pool at Fairwinds Cove

Fairwinds Cove Condos in Jensen Beach

Docks of Fairwinds Cove

This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with full kitchen, meeting room, fitness room, billiards and more.  Fairwinds Cove also has deeded docks with great access to fishing, water sports and only a few minutes to the crystal clear waters of the Atlantic Ocean.

Fairwinds Cove Condos in Jensen Beach

Fairwinds Cove

Fairwinds Cove is a non-age restricted community that allows one small pet.  There is a strong sense of community with many long-time seasonal and full-time residents.  Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach as well as the many amenities offered in Martin County, Florida.

Fairwinds Cove Condos in Jensen Beach

Fitness Room of Fairwinds Cove

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Fairwinds Cove Condos in Jensen Beach April 2019 Market Update

Martin County Townhouses and Condos February 2019 Market Report

04.09.19 by

Martin County Townhouses and Condos February 2019 Market Report

Martin County Townhouses and Condos February 2019 Market Report resulted in considerably weaker sales activity when compared to last year.  Closed sales for the month were down by 27.8% (were down by 10.0% in January) while new sales under contract (new pending sales) were down by 24.6% from February 2018 (decreased by 16.0% in January).

Prices, though, continue to go up.  The median sales price increased by 14.3% (was up by 17.6% in January) while the average sales price increased by 18.4% (was also up by 18.4% in January).

The inventory of available townhouses and condos increased by 51 units to 455 properties as compared to last month.  This is 3.9% greater inventory then the February 2018 data.  Currently, there’s a 4.7 month supply of inventory (compared to 4.4 months for February 2018).  Remaining in a seller’s market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos February 2019 Market Report

Click here to view or download the full report:
Martin County Townhouses and Condos February 2019 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Townhouses and Condos February 2019 Market Report

Martin County Single Family Homes February 2019 Market Report

04.08.19 by

Martin County Single Family Homes February 2019 Market Report

The Martin County Single Family Homes February 2019 Market Report continued with weaker sales activity when compared to last year.  Closed sales were down by 0.6% (were down by 18.4% in January).  While new pending sales decreased by 6.0% as compared to February 2018 (Increased by 7.3% in January).

Prices were mixed for February.  The median sales price was down by 7.9% from last year (up by 10.8% in January) while the average sales price increased by 2.0% (was up by 49.3% last month).

The inventory of available single-family homes increased from last month by 48 homes to 1178 units for February,  this is 13.4% greater than last February.  The current supply of homes is 5.9 months, for February of last year, it was 5.1 months supply.  We’re still in a seller’s market for Martin County single-family home sales, but only barely.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes February 2019 Market Report

Click here to view or download the full report:
Martin County Single Family Homes February 2019 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Single Family Homes February 2019 Market Report

Hobe Sound FL 33455 Condo Market Report February 2019

04.03.19 by

Hobe Sound FL 33455 Condo Market Report February 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2019

For February 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently only 2 active condo listings. (Up by 1 condo from January)

Hobe Sound FL 33455 Condo Market Report February 2019

2 Condos are pending and awaiting close. (Down by 1 condo from January)

Hobe Sound FL 33455 Condo Market Report February 2019

1 Condos sold in February. (Down by 3 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.  Yet, even with such little inventory, these condos are selling well.

The absorption rate for Hobe Sound condos was 2 months for February as compared to 0.3 months in January).  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The February 2018 numbers were: 10 active listings, 4 pending sales, and 1 closed sale.  Considerably better activity last year, along with a greater number of condos available for sale.

Hobe Sound FL 33455 Condo Market Report February 2019

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report February 2019

Sewalls Landing April 2019 Market Report

04.02.19 by

Sewalls Landing April 2019 Market Report

For April 2019, there are 2 homes available for sale in Sewalls Landing, List prices are $735,000 and $750,000 for an average list price of $742,500 or $191.74 per sq. ft. of living area.

There are no homes currently under contract in Sewalls Landing.

In the past 12 months, 3 Sewalls Landing homes have sold.  Sales prices ranged from a low of $640,000 up to $1,150,000 for an average sales price of $813,300 which equals $230.14 per sq. ft. of living area. These sales averaged 94% of list price and the homes averaged going under contract after being on the market for 212 days.

About Sewalls Landing:

Sewalls Landing

Sewalls Landing is located at the northern tip of Sewalls Point, FL in Martin County.  Officially it is in Jensen Beach, but many residents of Sewalls landing consider themselves part of Sewalls Point.   Just across the street from the Dolphin Bar and Grill and within walking distance of marinas, boat ramps, Indian Riverside Park and much, much more.
Sewalls Landing Jensen Beach FL
This gated community consists of 51 home-sites (including 3 lots that are still vacant).  Homes in Sewalls Landing were built from 1992 to 2008 and are situated on generously sized lots from just under a ½ acre to over ¾ of an acre.  Home sizes range from 2,000 to over 5,000 square feet of living areas.  Many homes feature 3 car garages.  Residents enjoy low HOA fees of $110 per month.Sewalls Landing Jensen Beach FL

Children attend Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools.  Easy access to the beaches as it’s just about equidistant from both the Stuart and Jensen Beach Causeways.  Close to shopping and medical facilities as well.  This is a much sought after community in Martin County, FL.

 

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Sewalls Landing April 2019 Market Report

Jensen Beach FL 34957 Condo Market Report February 2019

03.28.19 by

Jensen Beach FL 34957 Condo Market Report February 2019

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for February 2019

For February 2019 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 122 active listings. (Increased by 2 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2019

36 Condo sales are pending and awaiting settlement. (Up by 11 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2019

13 Condos Sold (Down by 5 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2019

 The Jensen Beach FL 34957 Condo Market Report continues to have an increase of available condos for sale.  Closed sales were down for February but pending sales increased.  Hopefully, this will result in stronger sales volume in the coming months.

The one-month absorption rate for the February 2019, Jensen Beach Florida Market Report ZIP Code 34957 rose to 9.4 months (from 6.7 months in January), back into a buyer’s market after one month in a balanced market.  A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The February 2018 numbers were: 112 active listings, 46 pending sales, and 30 condos closed.  The sales and pending sales volume were stronger last year.  Inventory is up this year as well.

Jensen Beach FL 34957 Condo Market Report February 2019

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Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report February 2019

South Fork Estates Real Estate Market Report for March 2019

03.27.19 by

South Fork Estates Real Estate Market Report for March 2019

There are currently 2 homes for sale in South Fork Estates in Stuart FL.  The listing prices are $375,000 and $564,900 for an average list price of $469,950 which equates to $186.00 per sq. ft. of living area.

There is one home under contract at this time in South Fork Estates.  The list price was $389,000 or $213.15 per sq. ft. of living area.  This home went under contract 122 days after coming on the market.

In the past 12 months, there have been 4 sales in South Fork Estates.  These homes had sales prices from $380,000 up to $456,500.  This works out to an average sales price of $410,375 which is $195.82 per square foot of living area.   These homes averaged 87 days on the market before going under contract and sold for an average of 97% of the list price.

About South Fork Estates in Stuart FL:

Home in South Fork Estates in Stuart FLA unique private community in Stuart, Florida built before the land was so expensive that homes had to be placed on top of each other.  All homes in South Fork Estates are on 1/2 acre or larger lots, many with serene views of two large lakes located within this community.  Those homes not on the lakes have private preserve views of the Atlantic Ridge.Lake in South Fork Estates in Stuart FLThere are 114 homes in South Fork Estates.  Homes were built from 1992 through as late as 2011.  The majority of the homes were built between 1998 through 2005.  Most homes are either 3 or 4 bedrooms with 2 and 3 car garages, ranging in size from around 2,000 sq. ft. of living area to over 3,500.  There are still a few residential lots that are vacant awaiting a home.

Home in South Fork Estates in Stuart FL

This is a close-knit community with a playground as well as a boat and RV storage area.  Low Homeowners’ association fees of under $50 per month at the time of this writing.

Pool View from South Fork Estates in Stuart FL

Children living in South Fork Estates attend Crystal Lake Elementary, David L Anderson Middle, and South Fork High Schools.

South Fork Estates in Stuart FL - RV and Boat Lot

Located just off Cove Rd. and Kanner Highways, this community is just minutes from I-95 for commuters.  Shopping and medical facilities are also close by.  And, there are numerous choices for boating access also only a short ride away.

One of the hidden gems of the Stuart area, South Fork Estates id a great community to call home.

Here are the currently available homes for sale in South Fork Estates

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South Fork Estates Market Report for March 2019

Martins Crossing Real Estate Market Report March 2019

03.26.19 by

Martins Crossing Real Estate Market Report March 2019

There are currently 7 homes for sale in Martins Crossing.  Prices range from $199,900 up to $423,000.  This is an average list price of $281,900 which equals $145.42 per sq. ft. of living area.

There are 5 homes under contract.  List prices were from $204,900 up to $385,000.  This equals an average list price of $295,360 which is $144.92 per sq. ft. of living area.  These homes went under contract in an average of  71 days.

In the past twelve months, 34 homes have sold in Martins Crossing.  Sales prices ranged from a low of $177,000 to a high of $415,000.  This equals an average sales price of $279,592 which equates to $144.68 per sq. ft. of living area.  These homes sold at an average of 97% of list price and were under contract in an average of 34 days.

About Martins Crossing in Stuart FL:

Martins Crossing real estate in Stuart FL

Located in the intimate, yet vibrant, City of Stuart near a variety of fine restaurants, cultural outlets, and shopping.  Martins Crossing Real Estate Market Report March 2019, boasts of  596 residences with a stunning variety of single-family homes and a section of private townhomes. This family-friendly community was completed around 2006 with mostly newer homes.

 Martins Crossing real estate in Stuart FL

Martins Crossing Real Estate Market Report March 2019 community amenities include lush landscaping and with private preserve views,  The Martins Crossing Clubhouse has a sparkling resort style pool, and oversized deck, tennis courts and a playful tot lot all nearby.

Martins Crossing real estate in Stuart FL Martins Crossing real estate in Stuart FL

Martins Crossing Real Estate Market Report March 2019 is conveniently located by Kanner Hwy. and Pomeroy Street for easy access to Historic Downtown Stuart, the beaches, and waterways of Martin County, restaurants, shopping and quick access to I-95.  All this in a wonderful ‘A’ rated school system.

Martins Crossing real estate in Stuart FL Martins Crossing real estate in Stuart FL

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Martins Crossing Real Estate Market Report March 2019

Palm City FL 34990 Condo Market Report February 2019

03.22.19 by

Palm City FL 34990 Condo Market Report February 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2019

For February 2019 in the 34990 Zip Code area of Palm City, Florida :

There are currently 90 active condo listings. (Decreased by 14 condos from January)

Palm City FL 34990 Condo Market Report February 2019

19 Condo sales are pending and awaiting close or lender approval. (Up by 12 condos from last month)

Palm City FL 34990 Condo Market Report February 2019

4 Condos Sold in February. (Unchanged from January)

Palm City FL 34990 Condo Market Report February 2019

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.

The current absorption rate for condos in the 34990 zip is 22.5 months (was 26 months in January).  An extreme buyer’s market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The February 2018 numbers were: 103 active listings, 10 pending sales, and 4 closed sales.  The same number of sales while a big increase in pending sale for this year on a reduced inventory.
Palm City FL 34990 Condo Market Report February 2019
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Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report February 2019

Stuart Florida 34994 Residential Market Report February 2019

03.19.19 by

Stuart Florida 34994 Residential Market Report February 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for February 2019

For January 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 93 active listings (Up by 2 homes from January)

Stuart Florida 34994 Residential Market Report February 2019

35 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from last month).

Stuart Florida 34994 Residential Market Report February 2019

14 Homes Sold in May (Increased by 6 homes from January)

Stuart Florida 34994 Residential Market Report February 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had increases in sales and pending sales as well as the number of homes available to purchase.

The one-month absorption rate for the 34994 zip code for January jumped up to 6.6 months from 11.8 months for January.  Transitioning into a balanced market t for the 34994 zip code area of Stuart, FL after one month as a buyer’s market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The February 2018 numbers were 81 Active Listings, 41 pending sales, and 13 closed sales.  Very similar activity when compared to last year but with a larger inventory of homes for sale this year.

Stuart Florida 34994 Residential Market Report February 2019

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Stuart, FL Real Estate

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Stuart Florida 34994 Residential Real Estate Market Report February 2019

Martin County Townhouses and Condos January 2019 Market Report

03.14.19 by

Martin County Townhouses and Condos January 2019 Market Report

Martin County Townhouses and Condos January 2019 Market Report had another month of weaker sales activity when compared to last year.  Closed sales for the month were down by 10.0% (were down by 8.8% in December) while new sales under contract (new pending sales) were down by 16.0% from January 2018 (decreased by 13.0% in December).

Prices were up sharply for January.  The median sales price increased by 17.6% (was up by 9.3% in December) while the average sales price increased by 18.4% (was down by 5.7% in December) as compared to January of 2018.

The inventory of available townhouses and condos decreased by 53 units to 404 properties as compared to last month.  This is 2.9% less inventory then the January 2018 data.  Currently, there’s a 4.1 month supply of inventory (compared to 4.2 months for January 2018).  Remaining in a strong seller’s market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

https://www.gabesanders.com/site_data/gabesanders/editor_assets/Market_Data/Martin_County_Townhouses_and_Condos_2019-01_Detail.pdf

Click here to view or download the full report:
Martin County Townhouses and Condos January 2019 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Townhouses and Condos January 2019 Market Report

Cobblestone Country Club March 2019 Market Report

03.14.19 by

Cobblestone Country Club March 2019 Market Report

For March 2019 there are 8 homes for sale in the Cobblestone Country Club of Palm City, FL.  List prices range from $499,900 up to $799,000. The average list price equals $623,075 which is $183.99 per sq. ft. of living area.

There are 4 homes under contract and awaiting sale.  List prices range from $448,500 up to $848,000 which is an average list price of $583,850 or $197.90 per sq. ft. of living area.   These homes were on the market for an average of 64 days before going under contract.

In the past 12 months, 18 homes have sold in the Cobblestone Country Club.  Sale prices ranged from $373,000 up to $770,000 for an average sale price of $540,994 which equals $176.38 per sq. ft. of living area. These homes sold for an average of 96% of list price and went under contract in an average 0f 112 days after being listed.

About Cobblestone in Palm City:

Cobblestone in Palm City

Located just west of the center of Palm City, Cobblestone Country Club is a peaceful neighborhood of 512 acres with only 238 residences providing generous amounts of space around each home. This upscale community is adjacent to exit 110 on I-95 with easy access to all that Palm Beach County to the South and Orlando to the North, has to offer while enjoying the laid back low growth lifestyle, lower taxes and superior school systems that Martin County offers. Residents enjoy coming home to picturesque views of lakes, preserves and the 18-hole private Fox Golf Course in the Cobblestone Country Club. Homes in Cobblestone consist of new custom built homes and a selection of quality newer resale’s.

Cobblestone in Palm City

There are 232 homes and home sites in Cobblestone.  All homes are on a half-acre or larger lots and homes range from over 5,000 sq. ft. estate homes down to a small 1,377 sq. ft. 2 Bedroom, 2 Bath home.  Though the larger homes predominate in this upscale gated golf course community.  Homes were built from 1990 to 2011 and there are many vacant lots still available for sale on occasion.  HOA fees are a very reasonable $125 per month.

Cobblestone Country Club in Palm City FL

 Cobblestone in Palm City

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Cobblestone Country Club March 2019 Market Report

Martin County Single Family Homes January 2019 Market Report

03.13.19 by

Martin County Single Family Homes January 2019 Market Report

The Martin County Single Family Homes January 2019 Market Report continued with weaker sales activity when compared to last year.  Closed sales were down by 18.4% (were down by 9.4% in December).  While new pending sales increased by 7.3% as compared to January 2018 (Decreased by 21.8% in December).

However, prices continued their upward march for January.  The median sales price was up by 10.8% from last year (up by 13.8% in December) while the average sales price also increased by 49.3% (was up by 13.8% last month).

The inventory of available single-family homes increased from last month by 154 homes to 1130 units for January,  this is 9.4% greater than last January.  The current supply of homes is 5.7 months, for January of last year, it was 5.0 months supply.  We’re still in a seller’s market for Martin County single-family home sales, though very close to a balanced market.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes January 2019 Market Report

Click here to view or download the full report:
Martin County Single Family Homes January 2019 Market Report

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Single Family Homes January 2019 Market Report

Westwood Country Estates Palm City March 2019 Market Report

03.12.19 by

Westwood Country Estates Palm City March 2019 Market Report

As of March 2019, there is one home available to purchase in Westwood Country Estates in Palm City, FL.  The list price is $685,000 or $186.04 per sq. ft. of living area.

There are no homes currently under contract (pending sale).

There has been only 1 home sold in the past 12 months in Westwood Country Estates.  The sales price was $440,000 which is equal to $184.72 per sq. ft. of living area.  This sales was for 98% of list price and went under contract after being on the market for 56 days.

About Westwood Country Estates in Palm City Florida:

Westwood Country Estates in Palm City Florida

Westwood Country Estates is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of 1/2 acre or more, that will give you and your family plenty of room to grow!  Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home to.  Every home is unique and there is sure to be one you will fall in love with!

Westwood Country Estates

There are only 77 homes in Westwood Country Estates in Palm City Florida.  Homeowner association fees are a very reasonable $375 per year.

Westwood Country Estates in Palm City Florida

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and it’s neighbors, just a short drive North or South!  Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

Westwood Country Estates in Palm City Florida

Westwood Country Estates Homes for Sale

Westwood Country Estates Palm City March 2019 Market Report

Martin County Townhouses and Condos 2018 4’th Quarter Report

03.08.19 by

Martin County Townhouses and Condos 2018 4’th Quarter Report

4’th Quarter 2018

Click the image below to view the full details of the Martin County townhouses and condos market report data as reported by Martin County Realtor for the 4’th Quarter 2018.

Martin County Townhouses and Condos 2018 4'th Quarter Report

The Martin County townhouse and condo market had weaker sales activity when compared to the last quarter of 2017.  Prices were mixed with the median price rising and the average price having a small decrease. The inventory of available properties is an issue in this market.  Continuing in a seller’s market for Martin County townhouses and condos.

To view the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

Martin County Townhouses and Condos 2018 4’th Quarter Report